Domestic Indian equity markets opened in the green but soon turned volatile. Both Sensex and Nifty slipped into the red with broader markets underperforming the benchmarks. Bank Nifty bucked the trend while the broader markets slipped more than the benchmark indices. Shivangi Sarda of Motilal Oswal Financial Services spoke to Money9 on what to expect from markets going forward from here.
“Such corrections are always considered healthy in bull markets. Expect range-bound move in markets but sector-specific action may continue. Nifty Bank still looks better at this stage and may outperform the markets”, she said.
Investors must in the current scenario look for buying opportunities on dips.
SBI | Buy | Stoploss 485 | Target: 530
Bharti Airtel | Buy | Stoploss: 685 | Target: 750
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